* Pandemic restrictions cited by statistics office
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ABUJA, Nov 12 Nigerian stocks posted their
biggest daily gain in more than 5-1/2 years on Thursday,
triggering a circuit breaker on the bourse for the first time to
halt volatility after the index hit a five-percent limit.
ABUJA, Oct 30 Nigerian stocks soared to a more
than 16-month high on Friday as funds piled into equities,
propelled by low interest rates and as early third-quarter
corporate earnings showed some companies have weathered the
impact of the COVID-19 crisis, traders said.
ABUJA, Sept 23 Nigeria sold bonds on Wednesday
at yields lower than the secondary market despite double-digit
inflation, auction results showed, after an unexpected central
bank interest rate cut aimed at stimulating the economy.
LAGOS/ABUJA Civil servant Amos Dam is frustrated after waiting two hours to enter a bank in Nigeria's capital Abuja. He is one of about 20 people sitting on plastic chairs under a canopy to protect them from the sun on a pavement between a busy road and the bank. | Video
ABUJA Nigeria's central bank said it will grant more licences for payment service banks but set a minimum capital base of $13 million, which could deter telecoms firms and some other potential new entrants to the digital financial services sector.
ABUJA, Aug 27 Nigeria's central bank is trying
to force non-oil exporters to process dollar proceeds through
domestic lenders to increase dollar liquidity and support the
ailing currency, a circular seen by Reuters showed on Thursday.
ABUJA, Aug 26 Nigerian cocoa output is likely to
drop by at least 20% this season as measures aimed at curbing
the spread of the novel coronavirus and drier weather increase
the chances of a poor harvest, the president of the cocoa
ABUJA Nigeria's naira fell 1.04% on Tuesday to a low of 480 on the black market after the government said it would reopen airports for international travel in two weeks' time, a move that could increase dollar demand, traders said.
ABUJA/LAGOS The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three sources familiar with the talks told Reuters.